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|Contents|||||Page|
|---|---|---|---|---|---|
|Trustees
Annual
Report|and Statement|of Directors'|and Trustees'|Responsibilities||
|Independent
Examiner's|Report to the|Trustees||||
|Statement
of Financial
Activities||||||
|Balance Sheet||||||
|Statement
ofcash flows||||||
|Notes to the Financial Statements||||||
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|Settlor:||||Olivia Cynthia
Sholto Douglas||||||
|---|---|---|---|---|---|---|---|---|---|
|Governing|Document:|||The principal
governing
document|is|a trust|deed dated 7|||
|||||October 2016. The trust
is a private||charitable
trust controlled|||by|
|||||its trustees.||||||
|Appointment||ofTrustees:||The trustee
body has the power to|appoint||new trustees.|||
|||||The lay trustees
rely on outside advisors as necessary.||||||
|Investment||Powers:||The Charity
has power to do anything||which|is calculated|to further||
|||||its object or is conducive
or incidental||to doing so.||||
|Management||and Control:||||||||
|The charity||is controlled|by the trustees:-|||||||
|||||Olivia Cynthia
Sholto Douglas||||||
|||||Nicola Marguerite
Hodge||||||
|||||David George Jenner (retired 15'"|August 2022)|||||
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|Reference and Adm|Reference and Adm|Reference and Adm|inistrative|Details|||
|---|---|---|---|---|---|---|
|Name of Charity||||Dimitri Tiomkin|Music||
|||||Charity
No. 1173162|||
|||||Company
No.|10415487||
|Trustees:||||Olivia Cynthia|Douglas||
|||||David George|Jenner (retired 15'" August 2022)||
|||||Nicola Marguerite||Hodge|
|Princi pa|I Office Address:|||Lutea Consultancy||Limited|
|||||Unit 2f17|||
|||||The Square Basing View|||
|||||Basingstoke|||
|||||Hampshire|||
|||||RG21 4EB|||
|Bankers|and|Investment|Managers:|Standard
Bank|Jersey Limited||
|||||47/49 La Motte|Street||
|||||St Helier|||
|||||Jersey|||
|||||JE2 4SZ|||
|||||Cazenove
Capital|||
|||||Schroder 8 Co. Limited|||
|||||1 London
Wall|Place||
|||||London|||
|||||EC2Y 5AU|||
|Independent||examiners:||Neil Hitchings
FCA|||
|||||Francis Clark LLP|||
|||||Centenary
House|||
|||||Peninsula
Park|||
|||||Rydon Lane|||
|||||Exeter|||
|||||EX2 7XE|||
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Unrestricted|Total|
|||||Funds||Funds||
||||Note||f.|E||
|Income:||||||||
|Donations
and legacies||||||70,000|70,000|
|Investments||||||||
|Bank Interest||||4|4|491|491|
|Investment|Income||3|97,340|97,340|37,160|37,160|
|Total income|||2|97,344|97,344|107,651|107,651|
|Expenditure
Charitable||activities:||||||
|Grants and|donations|||61,000|61,000|3,920|3,920|
|payable||||||||
|Administration||||16,528|16,528|11,289|11,289|
|Insurance||||373|373|(3)|(3)|
|Legal & Professional||||2,000|2,000|9,307|9,307|
|Fees||||||||
|Bank Charges||||252|252|171|171|
|Total expenditure||||80,153|80,153|24,684|24,684|
|Net income/(expenditure)||||||||
|before net gains/(losses)||on||||||
|investments||||17,191|17,191|82,967|82,967|
|Net gains/(losses)|on Investments|||||||
|||||49,500|49,500|159,205|159,205|
|Net income/(expenditure)||||66,691|66,691|242,172|242,172|
|Transfer between|funds|||||||
|Net movement
in|funds|||66,691|66,691|242,172|242,172|
|Reconciliation
of|funds|||||||
|Total funds
brought|forward|||2,006,372|2,006,372|1,764,200|1,764,200|
|Total funds carried forward|||10|2,073,063|2,073,063|2,006,372|2,006,372|
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|company|no. 104|15487)|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||Total|Total|
|||||Note|E||
|Fixed assets|||||||
|Investments|at market|value||5|1,960,261|'I,915,348|
|Investment|property|||6|70,000|70,000|
||||||2,030,261|1,985,348|
|Current assets|||||||
|Cash at Bank|||||23 117|13,046|
|Other Debtors|||||300||
|Prepayments|||||3,000||
|Accrued
Income|||||19,830|18,392|
||||||46,247|31,438|
|Liabilities|||||||
|Creditors:|amounts|falling due within|one year||||
|Trade Creditors|||||873|3,914|
|Accruals|||||2,572|6,500|
||||||3,445|10,414|
|Net current|assets||||42,802|21,024|
|Net assets|||||2,073,063|2,006,372|
|Allocation|ofthe charity net assets:||||||
|Unrestricted|income|funds|||2,073,063|2,006,372|
|Total charity funds|||||2,073,063|2,006,372|
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||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Net income/(expenditure)
for the year|||66,691|242,172|
|Adjustments
for:|||||
|Net (gains)/losses
on investments|||(49,500)|(159,205)|
|Donated
investment
property||||(70,000)|
|Interest and rents from investment|||(4)|(491)|
|Dividends
from investments|||(97,340)|(37,160)|
|(Increase)/decrease
in debtors|||(4,738)|('I5,927)|
|Increase/(decrease)
in creditors|||(6,969)|1,643|
|Cash provided
by operating
activities|||(91,860)|(38,968)|
|Cash flows from investing
activities|||||
|Interest and rents from investment|||4|491|
|Dividends
and interest from the investments|||97,340|37,160|
|Purchase
of investments||||(1,403,063)|
|Proceeds from the disposal
of investments|||4,587||
|Proceeds on the sale of donated
property||||300,000|
|Cash used
in investing
activities|||101,931|(1,065,412)|
|Changes
in cash and cash equivalents|in the|year|10,071|(1,104,380)|
|Cash and cash equivalents
at the beginning||ofthe year|13,046|1,117,426|
|Cash and cash equivalents
at the end ofthe||year (*)|23 117|13,046|
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|4.
Expenditure|on ch|arita|ble
activitie|s|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E||
|Expenditure
on|charitable||activities includes:-||||
|Grants payable|||||60,000||
|Other donations|||||1,000||
|Investment
managers||fees|||3,596|2,395|
|Governance
costs|||||||
|Independent
Examination/Audit||||and accountancy|2,000|2,500|
|Other|||||1,500|375|
|5.
Fixed asset investments|||||||
||||||2022|2021|
|Market value at|6 April|2021|||1,915,348|353,080|
|Additions||||||1,403,063|
|Disposals|||||(4,587)||
|Net investment|gains/(losses)||||49,500|159,205|
|Market value at 5 April 2022|||||1,960,261|1,915,348|
|Investments
in the UK|||||478,943|609,100|
|Investments
outside the UK|||||1,481,318|1,306,248|
|6.
Investment|property||||||
||||||2022|2021|
||||||E|E|
|Market value at|6 April|2021|||70,000|300,000|
|Additions||||||70,000|
|Disposals||||||(300,000)|
|Market value at 5 April 2022|||||70,000|70,000|
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|10. Funds|||||||
|---|---|---|---|---|---|---|
|||Brought
forward|Income|Expenditure|Other
gains|Carried
forward|
|||F||||E|
|Unrestricted
funds||2,006,372|97,344|(80,153)|49,500|2,073,063|
|||2,006,372|97,344|(80,153)|49,500|2,073,063|
|Comparative|2021||||||
|||Brought
forward|Income|Expenditure|Other
gains|Carried
forward|
|||E||||F|
|Unrestricted|||||||
|funds||1,764,200|107,651|(24,684)|159,205|2,006,372|
|||1,764,200|107,651|24,684|159,205|2,006,372|
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|||Unrestricted|Total funds|Total funds|
|---|---|---|---|---|
|||funds|2022|2021|
|Fixed assets||2,030,261|2,030,261|1,985,348|
|Current|assets|46,247|46,247|31,438|
|Current|liabilities|(3,445)|(3,445)|(10,414)|
|||2,073,063|2,073,063|2,006,372|
|||Unrestricted|Total funds|Total funds|
|---|---|---|---|---|
|||funds|2020|2019|
|Fixed assets||1,985,348|1,985,348|653,080|
|Current|assets|31,438|31,438|1,119,891|
|Current|liabilities|(10,414)|(10,414)|(8,771)|
|||2,006,372|2,006,372|1,764,200|